power partners
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Easy application process
Apply to see if you qualify to be a Power Partner and once approved, we'll match you with a solar customer.
Secure monthly cash flow
Sign a PPA or solar lease agreement with the customer, and we'll start collecting monthly energy payments for you at a pre-determined rate.
Major tax incentives
Receive major investment tax credits and rebates that will help accelerate your break even point.
what is a power partner?
The role a Solar Grids® owner has in our solar peer-to-peer PPA program
Solar Grids® designed an exclusive PPA lending program similar to how a peer-to-peer platform works, where borrowers and lenders connect to find simpler, direct, and more accessible loans without a middle-man.
The Power Partner is the Solar Grids® owner (lender) who owns the solar energy that is produced from the solar energy sysyem and collects its tax incentives, while the Solar Grids® customer (borrower), benefits from paying 0% down for the solar energy system and saves BIG on their energy bills.
(If you're interested in being a borrower, please refer to our peer-to-peer PPA program here)
Power Partners earn income for
20-25 years and receive major tax incentives.
power parTner benefits
Gain a reliable source of income while cashing in on major tax incentives
Besides doing your part in helping out the planet and buying a Solar Grid® for a family who is in need of solar energy financing, there are many financial incentives and benefits in being a Power Partner.
Power Partner Benefits:
- Attractive internal rate of return
- Reliable cash flows
- Rapid repayment of capital from tax incentives
- Ownership of hard durable assets
See an example of your Power Partner revenues and tax incentives if you were to buy a Solar Grid®.
how it works
A simple, solar partnership that leaves everyone happy
You as the solar "investor" will buy our Solar Grids® energy system and we'll match you with an approved Solar Grids® customer who is interested in a 0% down Solar PPA.
We'll handle all the paperwork, financing terms, and the actual solar energy system installation, plus lifetime maintenance and monitoring.
Once your Solar Grid® starts generating energy for the customer, we'll collect the monthly payments and pay you. These energy payments from the customer will be your primary solar project revenue.
"Solar installations in the US now exceed 2 million, with research forecasting that installations will reach 3 million in 2021 and 4 million in 2023. By 2024 , there will be, on average, one solar installation per minute."
Tax incentives
All Power Partners are entitled to investment tax credits and rebates
1) Federal ITC
As the owner of the Solar Grid®, the most significant solar incentive you can take advantage of is the Federal Investment Tax Credit (ITC), which allows you to deduct 26% of total solar energy system cost from the amount of taxes you owe, in the year the system was placed in service.
2) 100% Bonus Depreciation
The MACRS Accelerated and Bonus Depreciation allows solar system owners to deduct 100% of the system cost (minus 50% of the ITC credit) in the first year of ownership. By offering this 100% “bonus depreciation” to system owners, the IRS helps you accelerate your break-even point.
More details on 100% Bonus Depreciation*
You can deduct 100% of the solar energy system cost in the first year of ownership. Normally, a depreciation deduction, for an asset with a useful life of 20 years, would have to be spread evenly over 20 years. This is why it's called a "100% Bonus Depreciation".
The Bonus Depreciation isn't a dollar-for-dollar reduction of your tax bill. It works like other typical deductions where you reduce your taxable income by the deduction amount.
As your taxable income drops, the amount you owe in taxes will also drop. This may re-classify you in a different tax bracket all together, and further reduce your taxes.
To figure out the size of your depreciation reduction, multiply the depreciation deduction amount by your tax rate.
For example, if you bought a Solar Grid™ worth $40,250, the deduction amount would equal $17,617.50. Considering your tax rate is 35%, you would earn a $6,166.12 tax reduction.
The Power Partner can claim the depreciation deduction on the first tax return he/she files after the system is installed. The tax bill will then decrease by the “After Tax Value of Deduction” amount.
*The above information should not be taken as tax advice. Please consult with your tax advisor about the Bonus Depreciation and how it may benefit you.
More details on 100% Bonus Depreciation*
You can deduct 100% of the solar energy system cost in the first year of ownership. Normally, a depreciation deduction, for an asset with a useful life of 20 years, would have to be spread evenly over 20 years. This is why it's called a "100% Bonus Depreciation".
The Bonus Depreciation isn't a dollar-for-dollar reduction of your tax bill. It works like other typical deductions where you reduce your taxable income by the deduction amount.
As your taxable income drops, the amount you owe in taxes will also drop. This may re-classify you in a different tax bracket all together, and further reduce your taxes.
To figure out the size of your depreciation reduction, multiply the depreciation deduction amount by your tax rate.
For example, if you bought a Solar Grid™ worth $40,250, the deduction amount would equal $17,617.50. Considering your tax rate is 35%, you would earn a $6,166.12 tax reduction.
The Power Partner can claim the depreciation deduction on the first tax return he/she files after the system is installed. The tax bill will then decrease by the “After Tax Value of Deduction” amount.
*The above information should not be taken as tax advice. Please consult with your tax advisor about the above mentioned tax incentives and how they may benefit you.
"Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 10,000%, creating hundreds of thousands of jobs and investing billions of dollars in the U.S. economy in the process"
cash flow income
Your energy income will continue for 25 years!
As a Power Partner, your primary source of revenue will be pure cash flow! Once the energy customer signs a lease or a Power Purchase Agreement (PPA), they are locked in a legal agreement to buy the solar energy your Solar Grid® is producing every month for them.
WHAT ABOUT EXPENSES?
Solar maintenance and repair costs are minimal and covered by installer warranties.
Solar is truly low maintenance, yet preventative maintenance ensures high performance. The Solar Grids® maintenance program includes simple cleaning, system check-up, and minor electrical repairs twice a year. However, it is recommended that solar system owners carry insurance on their solar energy system to cover it against property damage. As for repairs, the equipment and installer warranties cover almost all major repair scenarios.
Apply now to be a power partner
"Your energy. Your independence."
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